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Dec 13, 2012
12/12
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you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done. they don't want to be here for christmas eve, right? >> would the president negotiate from hawaii? he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi said the deadline is early next week. >> if we don't have a deal by the end of next week, no deal to go over the cliff. >> let's do the countdown. down about 54 points. >> meanwhile, michigan is becoming the 24th right-to-work state here in the country. someone here says unions are toxic for both workers and companies. we'll tell you all about it. stay with us. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling
you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done. they don't want to be here for christmas eve, right? >> would the president negotiate from hawaii? he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi...
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Dec 21, 2012
12/12
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the story on wall street today was washington. the back and forth on the fiscal cliff negotiations sending the markets sharply lower. and so, what do we make of it here, dan? friday afternoon, we're awaiting the president to be joined by senate majority leader harry reid to make a statement on these talks into the weekend. >> in some ways i would say the reaction today, the ultimate reaction ended up being a tad muted in a lot of ways when you think about it. because the overnight lows were down 3%. in the s&p. so we closed down about 1% here and so here's a situation where i think the options market kind of has this a little bit. the six futures curve started ticking up earlier in the week in kind of a precursor to some of the equity weakness we saw today. in a lot of senses a pretty quarterly sellover. >> i agree with that. one of the things we saw in the options market. we've spoken about this many times. there are holidays coming up, if you back the holidays out, we're expecting greater than expected volatility at a time when
the story on wall street today was washington. the back and forth on the fiscal cliff negotiations sending the markets sharply lower. and so, what do we make of it here, dan? friday afternoon, we're awaiting the president to be joined by senate majority leader harry reid to make a statement on these talks into the weekend. >> in some ways i would say the reaction today, the ultimate reaction ended up being a tad muted in a lot of ways when you think about it. because the overnight lows...
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Dec 23, 2012
12/12
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msnbc political analyst david corn is the washington bureau chief for "mother jones" magazine. are you comfortable with what the nra put forward today? >> absolutely. this is the only answer. more guns equals less crime. if we don't arm the teachers and have guards, this is going to happen again. >> do i understand your view that it would be a requirement for teachers? >> what if i'm a teacher who does not know how to carry a firearm? i'm not proficient and i don't want anything to do with guns. >> i don't want my kid in your school. >> wow, really. >> i'll send my kid to another school. >> so to a person whose pursuing a career in education, going to college with that desire because they want to school young people, they would also need to be trained and comfortable with the idea of carrying a weapon? >> unfortunately, this is the world we live in. >> this is not a panacea. >> wait a minute, david. with that logic, why not arm the students as well. >> the students are children. >> an 18-year-old high school senior. i mean by your logic they, too, should all be carrying weapons
msnbc political analyst david corn is the washington bureau chief for "mother jones" magazine. are you comfortable with what the nra put forward today? >> absolutely. this is the only answer. more guns equals less crime. if we don't arm the teachers and have guards, this is going to happen again. >> do i understand your view that it would be a requirement for teachers? >> what if i'm a teacher who does not know how to carry a firearm? i'm not proficient and i don't...
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Dec 28, 2012
12/12
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WUSA
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hayward and we have breaking news from southeast washington. police gave chase to a stolen car that collided with a metrobus at wheeler road and southern avenue. that's near the prince george's county border. our kristin fisher is standing by and she has the latest information. kristin? >> reporter: well, what happened was three people were in a stolen car and they were driving down wheeler road when they were spotted by police. now, they just tried to speed off after police tried to pull them over but the police did not pursue them. still, they kept driving down this road i mean they were zigging and zagging out of traffic. a very dangerous situation. then they started going so fast that they sped out of control and when they tried to turn here on to southern avue they crashed into a metrobus. you see that one passing right there. and it was a head-on crash. so just take a look at what it looked like. i mean, this stolen nissan maxima was completely crushed in the front. the bus fared far better but both the driver and one passenger were taken
hayward and we have breaking news from southeast washington. police gave chase to a stolen car that collided with a metrobus at wheeler road and southern avenue. that's near the prince george's county border. our kristin fisher is standing by and she has the latest information. kristin? >> reporter: well, what happened was three people were in a stolen car and they were driving down wheeler road when they were spotted by police. now, they just tried to speed off after police tried to pull...
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Dec 29, 2012
12/12
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we here in washington are going to hurt the american economy. we're going to hurt americans at every level, and to me, it's just a travesty that we've not been willing to deal with this issue. >> americans believe congress is broken. the american people know, democrats and republicans, that this place isn't working and there need to be some changes. >> america people should not countenance this deal made in this gridlock. we're here to do our jobs in washington, and we're seeing this failure demonstrated time and again because of ideological and political and philosophical stubbornness. what about the entire country? what about the good of the country? >> and yet, any time anyone tries to change anything about congress, any time someone tries to make it a little bit better, the status quo force together and quick. right now, the filibuster was meant to be a majority rule constitution. the founders considered making it a super majority. they rejected that, big-time. in a federalist, alexander hamilton wrote that a super majority congress would se
we here in washington are going to hurt the american economy. we're going to hurt americans at every level, and to me, it's just a travesty that we've not been willing to deal with this issue. >> americans believe congress is broken. the american people know, democrats and republicans, that this place isn't working and there need to be some changes. >> america people should not countenance this deal made in this gridlock. we're here to do our jobs in washington, and we're seeing...
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Dec 13, 2012
12/12
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boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our...
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Dec 23, 2012
12/12
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peter doocy is live in washington with the latest on the question of guns and guards in is schools. >> the consultant leading the nra's effort to secure the schools is asa hutchinson, a former republican congressman from arkansas who said he didn't think new laws and prohibition is the right way to respond to what happened in sandy hook and compared the nra plan to put a trained guard in every american school to the federal air marshal program put in place after 9/11. >> more sensitive that be airplanes. people resisted having weapons on airplanes but i oversaw the federal air marshals and it's a deterrent, no one sees that weapon but they're protected on the airplane and it's a positive impact on safety. schools are a sensitive environment as well. you could provide safety and security with armed, trained, personnel without putting fear in everyone. >> he argued since timothy mcveigh used fertilizer to kill men, women and children in oklahoma city, restricting firearms will not make children safer but many lawmakers are skeptical about the nra plan. >> we have armed officers in many
peter doocy is live in washington with the latest on the question of guns and guards in is schools. >> the consultant leading the nra's effort to secure the schools is asa hutchinson, a former republican congressman from arkansas who said he didn't think new laws and prohibition is the right way to respond to what happened in sandy hook and compared the nra plan to put a trained guard in every american school to the federal air marshal program put in place after 9/11. >> more...
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Dec 21, 2012
12/12
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tonight washington republicans are wasting our time. republicans are supposed to vote on john boehner's infamous plan b at this hour. the house is in recess as republican leaders basically are scrambling to get all the votes. house speaker john boehner pushed for a vote on the bill even though it has no chance of surviving in the senate. it would be veet 0ed by the president if it did. boehner's plan b. it makes tax increases permanent for income above $1 million. compared to the white house plan, basically, folks, it's a joke. president obama proposed a $2.5 trillion package. $1.2 trillion would come from spending cuts. $1.3 trillion would come from tax increases. plan b only includes $1 trillion in tax revenue and the rest of course is unspecified. it also includes no deal on raising the debt ceiling. president obamas latest offer takes the debt ceiling off the table for the next two years, which i think most americans want. boehner flat out lied to the american people today when he announced tonight's vote. >> president obama and sen
tonight washington republicans are wasting our time. republicans are supposed to vote on john boehner's infamous plan b at this hour. the house is in recess as republican leaders basically are scrambling to get all the votes. house speaker john boehner pushed for a vote on the bill even though it has no chance of surviving in the senate. it would be veet 0ed by the president if it did. boehner's plan b. it makes tax increases permanent for income above $1 million. compared to the white house...
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Dec 21, 2012
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>>neil: only in washington. only in washington. thank you all. melissa will break it down further on weekdays at 5:00 p.m. on fox business network. good stuff. catch it. >> they should pay their fair share of taxes. ♪ of what fun it is to ride in a one horse open sleigh ♪ >>neil: you are not santa. it is getting ridiculous. santa back on capitol hill delivering a wheel barrow of gold to republicans who refuse to rise taxes and a deal of pelosi aimed at republicans. >> this is like reverse robin hood taking food from the mouths of babies and seniors to give --. >>neil: you cannot get a deal done when you call each other names. the california democratic congresswoman is a member of the budget committee. congresswoman you do not take cheap shots and people could disagree with you but i think that is out of order and to santa thing is...it is pushing it. >>guest: well, i think that we are in a bad situation. i listened to your earlier guest and i sendly want to go home for christmas but i was more than willing to stay. the only problem is, we rea
>>neil: only in washington. only in washington. thank you all. melissa will break it down further on weekdays at 5:00 p.m. on fox business network. good stuff. catch it. >> they should pay their fair share of taxes. ♪ of what fun it is to ride in a one horse open sleigh ♪ >>neil: you are not santa. it is getting ridiculous. santa back on capitol hill delivering a wheel barrow of gold to republicans who refuse to rise taxes and a deal of pelosi aimed at republicans....
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Dec 21, 2012
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i want to show you a shot of washington. president obama will address fiscal cliff issues in about 30 minutes. we will take you there live to hear the president's comments on the fiscal cliff negotiations. >>> meanwhile, a mafs winter storm sweeping across the country once again. up next, find out which stocks could get forgot bite and which could benefit from this winter. coming up, break down the trade for you with "options actions. " card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. . >>> winter strong draco shutting down flights out of on chicago. the weather channel's paul walsh joins us with the business impact here. paul, the holidays are a crucial time for many businesses. who is being impacted the most weekend? >> yeah. interestingly maria, the weather this year is largely impacting business by the weathe
i want to show you a shot of washington. president obama will address fiscal cliff issues in about 30 minutes. we will take you there live to hear the president's comments on the fiscal cliff negotiations. >>> meanwhile, a mafs winter storm sweeping across the country once again. up next, find out which stocks could get forgot bite and which could benefit from this winter. coming up, break down the trade for you with "options actions. " card hassles? introducing chase liquid....
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Dec 27, 2012
12/12
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WBAL
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president obama and lawmakers return to washington day with just five days left to avert the fiscal cliff. all eyes will be on the senate after house republicans said it is up to senate leadership to reach a deal. daniel lee reports on the scramble to come together fast. >> president obama landing in washington late this morning. the senator replacing senator daniel in a way -- daniel in no way rode with him on air force one. >> i do not see how you can have a grand bargain involving tax reform entitlement changes in a matter of days. >> even starbucks is getting involved, right in "come together" on its cups. speaker john boehner is sitting the route out after failing to get house republicans to support his own plan. >> i think john boehner is being controlled, unfortunately, by the right wing. >> that leaves it up to majority leader harry ring in the red -- harry reid in the rest of the senate to find a solution. harry reid's plan will avoid tax creases for -- tax increases for people making too large and $50,000. >> you will see a two-step process here, one with the media dynamic so yo
president obama and lawmakers return to washington day with just five days left to avert the fiscal cliff. all eyes will be on the senate after house republicans said it is up to senate leadership to reach a deal. daniel lee reports on the scramble to come together fast. >> president obama landing in washington late this morning. the senator replacing senator daniel in a way -- daniel in no way rode with him on air force one. >> i do not see how you can have a grand bargain...
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Dec 30, 2012
12/12
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. >>> outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if they're disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind-boggling to them. >> you know, the president seemed to be much more comfortable in the white house briefing room today using the bully pulpit saying enough is enough. >> he did. i thought he sounded like a man he know s who holds if not all the cards a lot of them. the public tends to blame republicans when this happens, especially now at a time when overall on the house side you have so many republicans who are so far right and worried about somebody farther right running against them in primaries that john boehner is having a hard time getting them to agree to his packages like plan b last week. we don't know out here on the public how much has changed since last week, but president obama was saying something he was pl
. >>> outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if they're disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind-boggling to them. >> you know, the president seemed to be much more comfortable in the white house briefing room...
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Dec 27, 2012
12/12
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FBC
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this is coming from the "washington post" and "usa today." not exactly passionate conservative thinking. when they want to get serious, republican: republicans have shs evidence behind closed doors and with plan b. there willing to raise tax rates. this can be done, but whether or not both sides want to get it done right now. gerri: there was an interesting story breaking down the original negotiations that broke down and obama said to have told john boehner you get nothing, i get that for free. in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered nothing in return. gerri: there is a big storm, hundreds of flights h
this is coming from the "washington post" and "usa today." not exactly passionate conservative thinking. when they want to get serious, republican: republicans have shs evidence behind closed doors and with plan b. there willing to raise tax rates. this can be done, but whether or not both sides want to get it done right now. gerri: there was an interesting story breaking down the original negotiations that broke down and obama said to have told john boehner you get nothing,...
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Dec 11, 2012
12/12
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while washington quarrels with itself, time for washington to put differences aside and put real compromise on the table. rise beyond disparity, rise past adversity, rise above. this is a cnbc special report "mission critical, rise above d.c." >> and the mission continues at 2:00 eastern time. welcome everybody i'm brian sullivan along with mario bartiromo. this is our special all day coverage live from capitol hill, mission critical, rise above d.c. after candid interviews with lawmakers all morning long, this is what we know now. just last hour representative lee terry, republican from nebraska tells us he feels like discussions on spending cuts are going backwards. early in the morning, democratic senator conrad, about to finish his term, sees says optimistic a deal will get done but would like to see a whole lot more added to it, a $4 trillion big deal, as he calls it. >> yes, he did. earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious
while washington quarrels with itself, time for washington to put differences aside and put real compromise on the table. rise beyond disparity, rise past adversity, rise above. this is a cnbc special report "mission critical, rise above d.c." >> and the mission continues at 2:00 eastern time. welcome everybody i'm brian sullivan along with mario bartiromo. this is our special all day coverage live from capitol hill, mission critical, rise above d.c. after candid interviews with...
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Dec 21, 2012
12/12
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breaking news in washington on the fiscal cliff standoff. the drama is intensifying, minute by minute. we're awaiting president obama who will deliver statement on the negotiation moments from now at the white house after speaker john boehner plan "b" failed to move forward in the house last night. fox senior correspondent ed henry is in the briefing room. sned >> reporter: good evening. we're told the president is meeting with harry reid. they are trying to figure some way out here. the senate out until a day or so after christmas. house members have been cut loose after the plan "b," you noted, failed last night. they are said to be not that far apart, president and speaker boehner on $4 trillion debt deal. plan "a." couple hundred billion dollars apart in spending cut and new tax increases. yet, those have internally been shut down for several days since boehner introduced plan "b." frustration in the white house they believe that speaker boehner wasted several days dealing with plan "b" and couldn't get it through a republican house. tha
breaking news in washington on the fiscal cliff standoff. the drama is intensifying, minute by minute. we're awaiting president obama who will deliver statement on the negotiation moments from now at the white house after speaker john boehner plan "b" failed to move forward in the house last night. fox senior correspondent ed henry is in the briefing room. sned >> reporter: good evening. we're told the president is meeting with harry reid. they are trying to figure some way out...
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Dec 19, 2012
12/12
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there is a fear of some kind of falling off a cliff or something or maybe washington is just horrible. maybe. >>neil: son of a...the rating agencies says the way these guys are dilly-dallying on the cliff, we still could see our credit rating take a dive. deal or though deal? welcome, everyone, i am neil cavuto. i think that was the way of telling washington quit playing us for fools and thinking this finger pointing is winning you friends. it is costing your country. leaving aside a major credit rating calling the politician's bluff did this hint if they come up with a keel that is stupid this will be hell? charles payne says that downgrade could be coming no matter what. warm, -- charles, what will happen? >>guest: the debt ceiling debate, july 29, they come up with an agreement and the president signs it august 2, and we are downgraded after the president signed. the deal was signed and it was done, they point to a lack of faith in the leaders and in washington, dc. they are saying the same thing. when i read that, and the quote is deficit cutting plan, you mention playing us as fo
there is a fear of some kind of falling off a cliff or something or maybe washington is just horrible. maybe. >>neil: son of a...the rating agencies says the way these guys are dilly-dallying on the cliff, we still could see our credit rating take a dive. deal or though deal? welcome, everyone, i am neil cavuto. i think that was the way of telling washington quit playing us for fools and thinking this finger pointing is winning you friends. it is costing your country. leaving aside a...
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Dec 4, 2012
12/12
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talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at bloomberg and talked about the republican offer from speaker boehner on the fiscal cliff resolution. he said it was out of balance because the speaker has not agreed to rate increases but the president identified a two-step process by which he is hoping still to reach an agreement before the end of the year, if he can get republicans to give on the top rate. he said that first of all, we can't do a fundamental tax reform in the next two weeks. we simply have to have a down payment before the end of the year and then commit to tax and entitl
talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at...
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Dec 27, 2012
12/12
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i'm chris matthews down in washington. let me start with this. i have a message for the tea party members everywhere, destroying government is not good politics. you are engaged in negative politics. you are acting against the majority rule right now. you are trying to bring down the majority government by obstruction. people will remember. whot won tax relief. people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing tolling for you. leading off tonight josh green and chris frats of national journal. you don't have to be as clear as i, but try, gentlemen, tonight. it looks to me like one party, guns again it's asymmet
i'm chris matthews down in washington. let me start with this. i have a message for the tea party members everywhere, destroying government is not good politics. you are engaged in negative politics. you are acting against the majority rule right now. you are trying to bring down the majority government by obstruction. people will remember. whot won tax relief. people who believe in government will remember. the people who believe in national defense and social security and medicare will...
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Dec 5, 2012
12/12
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CURRENT
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it does not get the job done in washington. what gets the job in washington is standing up loud and proud and look at what they're doing to us. if we don't do that, we will squander another opportunity to show the american people that democrats are doing what is right for the working class in this country, and republicans are standing in the way to protect the tax cuts-- >> and that's the democrat's job here. it's to look like they're being responsible adults and putting real solutions on the table. they're doing this. >> jennifer: fact, there was a "washington post" poll that was released today that shows 53% of americans believe republicans in congress would be to blame if an agreement is not reached by january 1st. 27% only, half say president obama would be to blame. using that to their advantage and being the responsible adults is not just stepping back, but pointing out what is obvious. >> we do have to solve the problem. whether republican or something else we do have to solve the problems. let's not step in and solve th
it does not get the job done in washington. what gets the job in washington is standing up loud and proud and look at what they're doing to us. if we don't do that, we will squander another opportunity to show the american people that democrats are doing what is right for the working class in this country, and republicans are standing in the way to protect the tax cuts-- >> and that's the democrat's job here. it's to look like they're being responsible adults and putting real solutions on...
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Dec 27, 2012
12/12
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we're live in washington this afternoon. the lines of communication between the president, leaders of congress are open. whether those lines are used repeatedly over the next few days to reach a fiscal cliff deal is anybody's guess. joining me now for our daily fix, nbc's kelly o'donnell is live on capitol hill. kelly, i want to start with you. senator scott brown just tweeted out to all his followers that he was getting on a plane heading to washington. the president has apparently sent over a new deal to the senate. what can you tell us about this new fiscal cliff deal that president obama has sent over to senator leaders? >> well, the power of social media to get the word out. gop sources say in the conversation with the president, he indicated that he does have a bill he would like to bring forward to the hill today. they have not seen that. it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in hawaii that he wanted somet
we're live in washington this afternoon. the lines of communication between the president, leaders of congress are open. whether those lines are used repeatedly over the next few days to reach a fiscal cliff deal is anybody's guess. joining me now for our daily fix, nbc's kelly o'donnell is live on capitol hill. kelly, i want to start with you. senator scott brown just tweeted out to all his followers that he was getting on a plane heading to washington. the president has apparently sent over a...
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Dec 29, 2012
12/12
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. >> outside of washington, nobody seems to understand why this is a repeat pattern over and offagain. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss thi things, and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. >> the president seemed to be much more comfortable in the white house briefing room today using the bully pulpit saying enough is enough. >> he did. i thought that he sounded like a man who knows he holds, if not all of the cards, but a lot of them. he has the advantage here, and the polls indicate as with bill clinton in the showdown with newt gingrich and the shutdown of the '90s the public blames the republicans when this happens when over on the house side, you have so many republicans who are so far right and worried about somebody farther right running against them in primaries that john boehner is having a hard time to get them to agree to his packages like plan b out here. we don't know how much out he
. >> outside of washington, nobody seems to understand why this is a repeat pattern over and offagain. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss thi things, and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. >> the president seemed to be much more comfortable in the white house briefing room today using the bully...
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"washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was competition. he submitted a design for a palace. americans were not having a palace. it was not particularly odd inspiring. in fact, in 1821, a european diplomat told the congress it was neither large nor on inspiring. -- awe-inspiring. the congressman answered, the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its permanent resident. >> a former new york times book critic has gathered a few of her favorite white house photos. what sunday evening, at 7:30 eastern and pacific, on american history tv. >> the american enterprise institute heard from the incoming and outgoing chairman of the republican study committee today. they talked about what they would like to see in a tax and budget deal, and what is ahead for house republicans in the next congress. this is 50 minutes. >> i am deli
"washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was competition. he submitted a design for a palace. americans were not having a palace. it was not particularly odd inspiring. in fact, in 1821, a european diplomat told the congress it was neither large nor on inspiring. -- awe-inspiring. the congressman answered, the building served its purpose....
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. >> i hope washington is listening, right? i appreciate it. >> that's all for "power lunch." thanks so much for joining us. good weekend. >> have a great holiday everybody. i'm off next week. merry christmas. "street signs" begins right now. have a great afternoon. >> merry christmas, america. and it looks like we're all getting a big fiscal cliff under the tree this year. lawmakers bumble. stocks stumble. but will they tumble over the cliff? will it doom the middle class? will it doom the markets or is this the buying opportunity? you need a step by step guide on how to play the chaos in d.c. plus, the massive storms in the u.s. may put christmas shopping and traveling on hold. but enough bad news, mandy. we have feel good santa stats just for our audience. >> indeed, we do. it the santa's worst day for stocks but notwithstanding today's losses, still on track to be positive for the week. let's get straight down to the nyc with bob. i guess the mark set expecting a deal to be done, right? >> yeah. i want to pointous, this is a very tough close and tough one to call. we have
. >> i hope washington is listening, right? i appreciate it. >> that's all for "power lunch." thanks so much for joining us. good weekend. >> have a great holiday everybody. i'm off next week. merry christmas. "street signs" begins right now. have a great afternoon. >> merry christmas, america. and it looks like we're all getting a big fiscal cliff under the tree this year. lawmakers bumble. stocks stumble. but will they tumble over the cliff? will it...
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what will you miss about washington? and what will you not miss? >> i will miss the chance to affect public policy. and i'll miss the friends there. other members of congress, and, by the way, one of the great bargains the american people get are the people who work for members of congress. we have a wonderful, intelligent, thoughtful, dedicated group of people. it's great to be able to come to worker day and interact with bright people. what i won't miss is one, the travel. and two, to be honest at this point, the sense of responsibility. for 45 years, i've been working in government, first in the city hall of boston and then the last 32 years in congress. i'm sorry people will still be doing those things, but i need a little rest. >> your proudest moment. what are you feeling is your proudest achievement? is it dodd-frank? >> well, that's one of them. one of them, frankly, has been the successes we've got on getting legal equality for lgbt people. and i've had a major repeal of don't ask, don't tell. and i was proud of my role in defeating the ef
what will you miss about washington? and what will you not miss? >> i will miss the chance to affect public policy. and i'll miss the friends there. other members of congress, and, by the way, one of the great bargains the american people get are the people who work for members of congress. we have a wonderful, intelligent, thoughtful, dedicated group of people. it's great to be able to come to worker day and interact with bright people. what i won't miss is one, the travel. and two, to...
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smith goes to washington." >> is that the craziest thing, that the people would vote against boehner for speaker would vote pelosi into the speakership. >> they wouldn't have to vote for pelosi. they could vote for newt gingrich -- >> but pelosi would get the most votes. >> you need to get 218. they would need to find a nominee who had 218. i don't think boehner would ever lose, but i think it would be a big symbol, a very big kind of vote of dissatisfaction among his republicans. >> chris, you know what we don't need right now is another symbol. how about complete chaos. thank you. wait until you see the headlines the next couple days, but the grown-ups who write front pages are going to go these guys are nuts. thank you, chris, up on the hill and, josh, for enlightening us for the purposes of the viewer. >>> coming up, the man in the middle of the republican circus, john boehner. let's figure out this guy. what is his story? he's the leader of the party that doesn't want to be led by him or anybody. they don't even -- well, it's not even actually a political party. it's a faction o
smith goes to washington." >> is that the craziest thing, that the people would vote against boehner for speaker would vote pelosi into the speakership. >> they wouldn't have to vote for pelosi. they could vote for newt gingrich -- >> but pelosi would get the most votes. >> you need to get 218. they would need to find a nominee who had 218. i don't think boehner would ever lose, but i think it would be a big symbol, a very big kind of vote of dissatisfaction among...
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the president has landed here back at the white house in washington. it's unclear exactly where they go from here. essentially what john boehner is saying, you go first, harry reid. harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that would allow taxes to go up for people making more than $250,000 or 400,000 as was in the president's last offer and the answer to that question remains very, very unlikely. so we are where we are. this ain't schoolhouse rock, that's for sure. it's not like the house passes a bill, the senate passes a bill. this is a stand yau and the looks like the ultimate version of white house gridlock. >> right. and you
the president has landed here back at the white house in washington. it's unclear exactly where they go from here. essentially what john boehner is saying, you go first, harry reid. harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of...
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but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual breakthrough that says that we need t
but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of...
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we spend too much in washington. we at the reform and time programs to save and protect social security. those are the area of the budget that have to be restructured. perhaps even more important -- where is the president? he is out on the campaign trail. every day we are a little bit closer to the fiscal cliff. every day republicans are here, speaker boehner is here, leader mcconnell is here. ready for business, ready to do something that will avoid what everybody agrees would be a disaster and yet the president seems to be content with traveling of around the country, doing a victory lap or something when he should be here sitting across the table from the people who can help us avoid a bad situation for our country economically. mr. president, you said it. we agree with that. now let's get to work and try to fix it. >> for people who spent a lifetime building a small business, small communities have a florist or a cleaners, those businesses will be impacted. many of them will not be able to continue to hold that b
we spend too much in washington. we at the reform and time programs to save and protect social security. those are the area of the budget that have to be restructured. perhaps even more important -- where is the president? he is out on the campaign trail. every day we are a little bit closer to the fiscal cliff. every day republicans are here, speaker boehner is here, leader mcconnell is here. ready for business, ready to do something that will avoid what everybody agrees would be a disaster...
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we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington. here is the speaker of the house, john boehner. >> to avert the fiscal cliff with a bipartisan agreement. that is truly solid and begins to solve our spending problem. the president still has not made an offer that meets those two standards. republicans have. the president promising american people a balanced approach, his proposals have been anything but. instead of beginning to solve our debt problem, he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. that is clear that the president is n
we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington....
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. >> let's bring in the congressional reporter for the washington post. are we looking at the real possibility that these negotiations will be passed on to the next congress? >> well, we are certainly getting closer and there is still time to go. the fact that mitch mcconnell and joe biden are now leading these talks is actually somewhat encouraging because these two have cut deals before. they have served together for quite a while in the senate. they were part of the debt ceiling negotiations last year and it was believed that mitch mcconnell would be brought in to these negotiations. the fact that they are still talking and on capitol hill yesterday and here today and remains hopeful that something can come suggests they are eager to cut some kind of a deal. we will have to wait and see whether or not it is conceivable by the end of the day. >> you wrote an article titled "the fiscal cliff is just an early battle in a war that democrats are going to win" where do you think republicans went wrong? >> well, you know, the problem for republicans i think i
. >> let's bring in the congressional reporter for the washington post. are we looking at the real possibility that these negotiations will be passed on to the next congress? >> well, we are certainly getting closer and there is still time to go. the fact that mitch mcconnell and joe biden are now leading these talks is actually somewhat encouraging because these two have cut deals before. they have served together for quite a while in the senate. they were part of the debt ceiling...
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joining us now from new york, julie riganski, a democratic strategist and here in washington, steven moore, a member of the "wall street journal" editorial board. sesteven, let's start with you. great to hear harry reid on this. the last time i checked the do so called proposal that a he put forth in july didn't really receive any support and only dealt with tax increases. it wasn't a comprehensive deal and didn't involve real spending cuts it was just raise tax and it went no where. for him to blame republicans, come on. >> don't forget, it has been 13 hyundais since hair arery reid even passed a budget out of the united states senate. we don't even know what the united states senators stand for in terms of the budget debate. the same thing on taxes. the house actually passed a lot of people don't know that earlier this year the house passed a bill to extend all of the bush era tax cuts for another year until resolve the issue. the senate again didn't act on that. the grave yard of the items are the united states senate. the other thing interesting harry reid said the president has
joining us now from new york, julie riganski, a democratic strategist and here in washington, steven moore, a member of the "wall street journal" editorial board. sesteven, let's start with you. great to hear harry reid on this. the last time i checked the do so called proposal that a he put forth in july didn't really receive any support and only dealt with tax increases. it wasn't a comprehensive deal and didn't involve real spending cuts it was just raise tax and it went no where....
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we'll be right back from washington >> the white house meeting has concluded. congressional leaders are back on capitol hill right now. comments from house minority leader nancy pelosi she believes the meeting with the president and other congressional leaders has moved them forward. she said it was a constructive meeting, candid as well. she also indicated that the president was definitely trying to get the senate leaders to try to move a proposal first. it appears as though house speaker john boehner, as we said before, is waiting for the senate to move on some time of legislation. so it appears that the congressional action now moves over to the senate. this meeting started according to senior administration official with president obama reiterating a proposal that he had put on the table on friday. last friday, calling to keep tax rates where they are for income amount of less than $250,000 a year and to extend long term unemployment insurance benefits. that at least as itself would probably not be something that could pass the house. so negotiations would
we'll be right back from washington >> the white house meeting has concluded. congressional leaders are back on capitol hill right now. comments from house minority leader nancy pelosi she believes the meeting with the president and other congressional leaders has moved them forward. she said it was a constructive meeting, candid as well. she also indicated that the president was definitely trying to get the senate leaders to try to move a proposal first. it appears as though house...
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>> they get assimilated by washington. the washington culture is than talking the language of big government, and it is a deadly, demoralizing language. echoes the demoralization of the media and the -- lou: let's raise some hell, george. let's raise some hell and get some people focused on the right things here. always great to talk to you. >> thank you. lou: george gilder. much more on the fiscal cliff and the republican messaging, if you can call it that, perhaps tonight's broadcast. he egyptians revolting against the brotherhood. syria apparently mixing chemcal weapons. the foundation for defense of democracy joins us here in monts. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economyand what washington is trying to do to it and us next with peterwallace and. i'm dominique dawes and there parents can give their kids -- making sure they get active at least 60 minutes each day. studies sh that physical activity not only helps kids stay heahy, it can enhance
>> they get assimilated by washington. the washington culture is than talking the language of big government, and it is a deadly, demoralizing language. echoes the demoralization of the media and the -- lou: let's raise some hell, george. let's raise some hell and get some people focused on the right things here. always great to talk to you. >> thank you. lou: george gilder. much more on the fiscal cliff and the republican messaging, if you can call it that, perhaps tonight's...
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and if you look at the chart can be considered a way it angled lower and lower after coming out of washington but hit rewind, go back to yesterday and the day before, the market reacted positively, so it shows us how sensitive the market is right now and clearly we are running out of time. tomorrow is friday. we have a full week next week but that is the last full week of the year. we're talking about the fiscal cliff running out of time, so different factors people are trying to play the end of the year trade. we're getting down to the end of things now. liz: what were they buying today, what were they selling? >> a follow-up from what we have seen in the past and what we think we will see in the future. just because regulations will be a little bit more transparent coming forward and the energy sector has been a hot one. how will that play in 2013. my clients are not looking at tomorrow or next week, they're looking to second quarter next year. liz: that is smart. i know you're looking at oil as well, looking at the aftermarket down another dollar on top of the $20 closing. no help at all.
and if you look at the chart can be considered a way it angled lower and lower after coming out of washington but hit rewind, go back to yesterday and the day before, the market reacted positively, so it shows us how sensitive the market is right now and clearly we are running out of time. tomorrow is friday. we have a full week next week but that is the last full week of the year. we're talking about the fiscal cliff running out of time, so different factors people are trying to play the end...
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he still talks about washington as if he is not in washington. okay? my point on this is why is anyone going home or why is anyone taking much of a break until this thing is decided and agreed upon? your response. >> well, i think the president is facing a dysfunctional house of representatives. john boehner speaker of the house couldn't get his own plan passed this week. and i think he he is frustrated by the fact that he is dealing with a guy who can't deliver on any promises. on the senate side, the senate passed a bill last summer that would keep the bush tax cuts in place for everybody that makes $250,000 a year or less. it's been sitting over in the house. they could vote on it tomorrow. boehner won't vote on it. >> laura: we could play that game all day long because republicans sent bill after bill to the senate, right? >> right. >> they have been sending bills back and forth. nothing happening on both sides. we could do that until we ring in the new year. legislation. there is a problem. we have a republican house of representatives. look, repu
he still talks about washington as if he is not in washington. okay? my point on this is why is anyone going home or why is anyone taking much of a break until this thing is decided and agreed upon? your response. >> well, i think the president is facing a dysfunctional house of representatives. john boehner speaker of the house couldn't get his own plan passed this week. and i think he he is frustrated by the fact that he is dealing with a guy who can't deliver on any promises. on the...
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he still talks about washington as if he is not in washington. okay? my point on this is why is anyone going home or why is anyone taking much of a break until this thing is decided and agreed upon? your response. >> well, i think the president is facing a dysfunctional house of representatives. john boehner speaker of the house couldn't get his own plan passed this week. and i think he he is frustrated by the fact that he is dealing with a guy who can't deliver on any promises. on the senate side, the senate passed a bill last summer that would keep the bush tax cuts in place for everybody that makes $250,000 a year or less. it's been sitting over in the house. they could vote on it tomorrow. boehner won't vote on it. >> laura: we could play that game all day long because republicans sent bill after bill to the senate, right? >> right. >> they have been sending bills back and forth. nothing happening on both sides. we could do that until we ring in the new year. legislation. there is a problem. we have a republican house of representatives. look, repu
he still talks about washington as if he is not in washington. okay? my point on this is why is anyone going home or why is anyone taking much of a break until this thing is decided and agreed upon? your response. >> well, i think the president is facing a dysfunctional house of representatives. john boehner speaker of the house couldn't get his own plan passed this week. and i think he he is frustrated by the fact that he is dealing with a guy who can't deliver on any promises. on the...
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how come that attitude is totally absent in washington? >> i think one of the great -- certainly the greatest things of americans is the ability to compromise. you seem to be implying here that all of democracy is threatened by this. >>? a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other side to not make a deal saying a bad deal is worse than no deal, go over the cliff. these voices have real influence right now and you they are causing economic calamity to our country. they are making us look foolish. they are making us look unable to self-govern in a constructive way, let alone serve -- solve long-
how come that attitude is totally absent in washington? >> i think one of the great -- certainly the greatest things of americans is the ability to compromise. you seem to be implying here that all of democracy is threatened by this. >>? a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before,...
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goodnight from washington. >> eric: this is a fox news alert. we have breaking news on two big stories at this hour. you are looking live at the white house where president obama and house speaker john boehner are about to meet to discuss the looming fiscal cliff. this is a surprise meeting, one that we learned about a short time ago. boehner is making his way over there right now. the other breaking news is that u.n. ambassador susan rice just removed her name from consideration for the coveted secretary of state job, following the theory over her response to the attack on the consulate in benghazi. ed henry has more on both breaking stories. take it away. >> reporter: you are right. speaker boehner left the capital and expected to arrive at the white house in a moment. this could not put more explanation point how critical this meeting is. we are running up against the fiscal cliff. we heard from firms that unless a framework for a deal is forged in the next few days they are going to run out of time in order actually move whatever deal they c
goodnight from washington. >> eric: this is a fox news alert. we have breaking news on two big stories at this hour. you are looking live at the white house where president obama and house speaker john boehner are about to meet to discuss the looming fiscal cliff. this is a surprise meeting, one that we learned about a short time ago. boehner is making his way over there right now. the other breaking news is that u.n. ambassador susan rice just removed her name from consideration for the...
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washington is incapable. it's a drug. it's heroin, crack cocaine all wrapped up in one and they refuse to do it because their power is predicated on it. >> i think you will see that there are republicans that understand we want to do it in a way that allows our economy to continue to recover, that does not endanger the world economy. as we approach the cliff, that's what we are talking about. >> the real cliff is america has become a greece. thank you both. >> happy new year's, guy. >> good to see you both. coming up, what exactly is going to happen if we go over the so-called fiscal cliff. what happens to your wallet. we will detail the five ways this is going to impact your family, your wallet and your finances. and also new york governor an drew cuomo is ready for a fight over gun control. he's even talking about confiscating weapons. how far is he going to go? all of that and more later. and sam donaldson tells tea party america this is not your country anymore. [ cheeping ] [ male announcer ] you hear that? that's th
washington is incapable. it's a drug. it's heroin, crack cocaine all wrapped up in one and they refuse to do it because their power is predicated on it. >> i think you will see that there are republicans that understand we want to do it in a way that allows our economy to continue to recover, that does not endanger the world economy. as we approach the cliff, that's what we are talking about. >> the real cliff is america has become a greece. thank you both. >> happy new...
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good night from washington. >> andrea: hello. i'm andrea tantaros with kimberly guilfoyle, bob beckel, eric bolling, greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> andrea: they're back. many of the key players returned to washington after the christmas break. president arrived back and senators back, too. one person isn't spotted yet on the beltway is house speaker john boehner and harry reid took him to task for it earlier. demanding that he bring the chamber of commerce back to session for a deal to be struck. >> the house of representatives with four days left aren't here with the speaker having told them he will give them 48 hours' notice. if we go over the cliff it will be with the knowledge that could have been done with a single vote. >> andrea: boehner's spokesman said reid should talk less. the speaker insists the senate should ask first for members to reconvene on sunday. we can go off the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national i
good night from washington. >> andrea: hello. i'm andrea tantaros with kimberly guilfoyle, bob beckel, eric bolling, greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> andrea: they're back. many of the key players returned to washington after the christmas break. president arrived back and senators back, too. one person isn't spotted yet on the beltway is house speaker john boehner and harry reid took him to task for it earlier. demanding that he...
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all we need to just suck it up, take the consequences of all of the provely gacy over the years in washington, d.c. when they say cut spending, mean it. >> mean it. >> efficient the fiscal cliff, it should be called the obama cliff and swan dive over it. good idea or bad idea? >> yeah. i think that would be part of accepting all the consequences and letting the chips fall where they need to fall. but i think what the house republicans need to do especially, knowing that they had whatever mandate they did have after the election, house to be the opposition party, to stand for core limited government principles and not sell us down the river. particularly all the small business operators and entrepreneurs trying']jñ to kep their head above water. >> thank you very much. have great weekend. >> you too. >>> we have senate minority leader mitch mcconnell existing the meeting now. we're going to keep our eye out and hopefully one of these guys comes to a camera. in the watch it. former president george bush bush remains in intensive care but good news regarding his condition. we'll have the lates
all we need to just suck it up, take the consequences of all of the provely gacy over the years in washington, d.c. when they say cut spending, mean it. >> mean it. >> efficient the fiscal cliff, it should be called the obama cliff and swan dive over it. good idea or bad idea? >> yeah. i think that would be part of accepting all the consequences and letting the chips fall where they need to fall. but i think what the house republicans need to do especially, knowing that they...
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washington is in the rearview see, and everybody else is getting ahead of them. >> right. i say that's like every other day in america where the rest of the world as head of congress. [laughter] gerri: how is this different? [laughter] >> i think that's right. i think what we're seeing in public is a little bit different from all rehearsing in private. what you're likely to see is republicans agree to some kind of decoupling of th ax rate issue, whether they do it and this proposal that has been floated that they vote presnt and let the president and democrats on the issue or whether they free up -- whether john boehner frieze of members of congress to vote for some kind of a compromise that would include a rise in rates on the wealthy. i don't know what the mechanisms will be, but you have the negotiations taking place on the one hand, and on theother hand you have negotiations on all the st of the stuff which is likely to be lumped into some kind of an omnibus bill a series of bills at the end of the year struck the last minute to bail us out of this isue. likely to incl
washington is in the rearview see, and everybody else is getting ahead of them. >> right. i say that's like every other day in america where the rest of the world as head of congress. [laughter] gerri: how is this different? [laughter] >> i think that's right. i think what we're seeing in public is a little bit different from all rehearsing in private. what you're likely to see is republicans agree to some kind of decoupling of th ax rate issue, whether they do it and this proposal...
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Dec 14, 2012
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in a "washington post" op-ed this morning. rice writes this, in recent weeks new lines of attack have been raised to mall line my character and my career even before i was nominated for any new position. a steady drip of manufactured charges presented a -- rice isn't going anywhere, and by hangeding this gracefully, she may re-emerge when another job comes up. which is not going to be america's top diplomat. >> did you want the job? >> i would have been very honored to serve in that job, just as i'm delighted to do what time doing. but yes, sure, how can you not want to, in my field, serve at the highest possible level? >> thursday night, on our nbc affiliate in sacramento, kcra, the president praised rice, but also seemed ready to move on. >> susan is going to continue to be an outstanding u.s. ambassador to the united nations. i hadn't made a decision about who would be my next secretary of state. there's no doubt that susan was qualified. there are other people who are qualified as well. >> the white house has made it clear
in a "washington post" op-ed this morning. rice writes this, in recent weeks new lines of attack have been raised to mall line my character and my career even before i was nominated for any new position. a steady drip of manufactured charges presented a -- rice isn't going anywhere, and by hangeding this gracefully, she may re-emerge when another job comes up. which is not going to be america's top diplomat. >> did you want the job? >> i would have been very honored to...
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the american people want to compromise an make washington work. he said it again and put out a specific offer. all we have heard from the president is a hard-line wasno negotiation on the tax side and not e word about the entitlement reforms that would have to match that for this plan to make any sense. and it is that absence of lead on the spending side nd unwillingness to make compromises that will actually get als done and have washington auction again that i think our marks aginst this lame-duck session. lou: you have projected, the action form has projected 10 million prospect of possibly 10 million people losing jobs, 10 percent unemployment. a 4% reduction in gdp if we go over that cliff. correct? >> that is absolutely right. i mean, this is a big tax increase. 's a big spending cut. more importantly, if you look at the debt ceiling debate, we saw a sharp drop in conser confidence and we saw hat today in te december number. a sharp drop in consumer confiden, and you also will see a big financial market disruption. those are genie's you cann
the american people want to compromise an make washington work. he said it again and put out a specific offer. all we have heard from the president is a hard-line wasno negotiation on the tax side and not e word about the entitlement reforms that would have to match that for this plan to make any sense. and it is that absence of lead on the spending side nd unwillingness to make compromises that will actually get als done and have washington auction again that i think our marks aginst this...
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Dec 19, 2012
12/12
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now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is an economy. i would put p it into one perce and you hear people talk about the numbers. but underneath the numbers you have to worry about the quality of the policy. it is the worst way to raise revenue, and that is attribute to the fact that the politics are trumping the politics right now. >> in economic turns if you put a 39.6% tax rate on millionaires and above, if you do that, would that be the least ownerous thing you have heard so far? >> i think the goal should be, the least we've seen so far. but it didn't get a g
now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is...
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Dec 11, 2012
12/12
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we had a front row seat here in washington. remember as a child when you would not budge when your friend budged? today, the republicans attacked the decks for not putting any spending cuts on the table, as they push for higher taxes on the highest earners. many democrats say, we can deal with spending cuts later. just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not agreed upon, along with new revenue right now. not later. but now, the next salvo, democrats now are saying that they won't put any spending cut proposals out there, they want to first hear what cuts the republicans want first. i guess so that they can use that against them in the public forum. we'll remember the infamous granny over the cliff ad after paul ryan floated his budget. so, what is the end game here? what if john boehner doesn't blink? we now have less than three weeks before the new year. i have said it before -- i am not expectin
we had a front row seat here in washington. remember as a child when you would not budge when your friend budged? today, the republicans attacked the decks for not putting any spending cuts on the table, as they push for higher taxes on the highest earners. many democrats say, we can deal with spending cuts later. just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not...